Waterford Lakes Homeowners Association

Waterford Lakes HOA Minutes

Friday, December 21, 2012

October 2012 Board Minutes



Board: Maggie Jones  Don Bosma  Suzie Jamerson  Mike Barr  Cathy Winterrowd   
               
Management: Susan Keene, Larry Edwards

The Waterford Lakes Board met on October 18, 1012 at the clubhouse.  The meeting was called to order at 7:00 pm, and all in attendance recited the pledge of allegiance.

The Board approved the September minutes. (Jamerson-Bosma)  Don Bosma gave the treasurer’s report as follows:
   Income…$11,802.53
   Expenses…$12,303.05
   YTD Deficit…$18,259.18
   Net Worth…$134,931.15
The treasurer’s report was approved. (Barr-Winterrowd)

OLD BUSINESS:
  • The property survey has been completed.  The stakes in the wooded area on the east side have been marked with flags.  Property Services Group will put in permanent posts so property line will be visible.  The survey showed that the line was about 8 feet farther than originally thought.  The farm fence will be erected on the property line.  This is a protection from liability when unescorted children try to play at the pond.
  • Larry reported that the dryer vents are maintained on an as-needed basis.  He has changed his mind about removing the screens.  When the vent is clogged, the screens will be removed.  He may use a template with larger screen holes to keep birds out.

NEW BUSINESS:
·      All homeowners received a copy of the 2013 proposed budget two weeks before the meeting.  The budget calls for an increase to $125.00.  The Board wanted to vote on the budget in October so it would not have to be carried over to the April Annual Meeting.  The Board told all homeowners that this budget reflected the homeowners concerns expressed in the past meetings.  Homeowners had numerous concerns:
   Why do we need a fourth fountain?
   Why did insurance go up?
   What does common area cover?
   Why do we need matching mailboxes?
   Does the one-time tree replacement cover trees in the back yard?
            After explaining that all decisions were based on homeowner expectations, Maggie Jones called    for the vote.  The budget passed 29-8

The meeting was adjourned.
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